Fed Chair Jerome Powell Warns About U.S. Fiscal Policy’s Unsustainable Path
Estimated Reading Time: 3 minutes Editors’ Note: One of the least discussed subjects is the incredible and dangerous distortions in the US economy. A powerful rising stock market has obscured the problem. Recently, we have registered another strong breakout to the upside. But we have often cautioned not to conflate the stock market with the […]
Fed Chair Jerome Powell focused on soft landing, says inflation fight isn’t over
Federal Reserve Chairman Jerome Powell said on Wednesday he is not yet ready to declare that inflation has been conquered but believes the U.S. remains on a path to continued price stability and low unemployment. Powell and other Fed officials have said they won’t cut interest rates until they have more confidence that inflation, which […]
Fed Chair Jerome Powell doesn’t expect inflation to hit 2% until 2025
Federal Reserve Chairman Jerome Powell said Tuesday he doesn’t expect inflation to return to his 2% target before the end of next year at the earliest and is not committed to cutting interest rates this year. Speaking at an economic policy conference in Portugal, Powell said policymakers needed more evidence that inflation was under control […]
Jerome Bettis confident Steelers will be ‘top-tier’ team opponents fear in 2024
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Fed Chair Jerome Powell tests positive again for COVID-19
Federal Reserve Chairman Jerome Powell tested positive for the coronavirus on Thursday and is now working from home, a Fed spokesperson said in an emailed statement. “Chairman Powell tested positive for the coronavirus late yesterday and is exhibiting symptoms.” In line with guidance from the U.S. Centers for Disease Control and Prevention, he is working […]
Jerome Powell urges patience on rate cuts, inflation index higher than expected
Federal Reserve Chairman Jerome Powell on Tuesday called for patience and said he was losing confidence in the outlook for lower inflation this year after key indicators came in better than expected. The producer price index (PPI), which measures prices at the wholesale level, rose 0.5% last month, beating the Dow Jones estimate of 0.3%, […]
Federal Reserve Chair Jerome Powell says rate cuts ‘will take longer than previously expected’ after interest rate meeting
Federal Reserve Chairman Jerome Powell acknowledged Wednesday that the central bank is delaying plans to cut interest rates because inflation has plateaued well above the central bank’s target. The Federal Open Market Committee (FOMC), the central bank committee tasked with setting monetary policy, voted on Wednesday to keep the federal funds rate in the range […]
Gold hits record high as Fed Chair Jerome Powell stays the course
The gold rush has begun. Bullion prices soared to record highs on Thursday as investors continued to pour money into precious metals after Fed Chairman Jerome Powell suggested the Fed would start cutting interest rates “at some point this year.” did. Gold traded as high as $2,310 an ounce early Thursday morning, continuing an upward […]
Fed’s Jerome Powell keeps rate-cut outlook despite stalling inflation data
Federal Reserve Chairman Jerome Powell commented on Friday that the latest U.S. inflation data is “in line with what we expect,” maintaining the central bank’s benchmark for rate cuts this year. He made a comment like this. Chairman Powell said the personal consumption expenditure price index data released Friday was “what we expected,” and even […]
Jerome Bettis Jr. commits to dad’s alma mater Notre Dame
There is another bus heading to Notre Dame. Jerome Bettis Jr., the son of former Notre Dame and longtime NFL running back Jerome Bettis, committed to the school on Sunday. The younger Bettis is a 6-foot-2, 195-pound wide receiver who played at Woodward Academy in Georgia. He said he chose the Fighting Irish over schools […]